by Audit Your Superfund | Dec 5, 2017 | Blog
Picture a typical SMSF trustee. Who do you see? Everybody has their own idea of the typical Australian who wants to manage their own wealth – but that can lead to some dangerous assumptions about the attitudes and desires of your clients. Let’s break down...
by Audit Your Superfund | Sep 12, 2017 | Blog
If you’re not monitoring your SMSF compliance, you may find yourself liable for a number of contraventions. Loans to members and in-house assets are by far the most common contraventions, the Australian Taxation Office (ATO) reports. Loans from an SMSF are...
by Audit Your Superfund | Jul 31, 2017 | Blog
Why wind up an SMSF? Most of the time, because it’s no longer necessary. Trustees may have passed on, or there may no longer be a financial point of keeping it open. It may also be due to trustees not able to run an SMSF for example if they move overseas, or...
by Audit Your Superfund | Jul 17, 2017 | Blog
Complacency can lead to contravention. When trustees enlist your services to assist with a self-managed super fund or just generally build wealth, they may have some misconceptions about what they can and cannot do. It’s important to impart all the right...
by Audit Your Superfund | Jul 10, 2017 | Blog
Property just won’t stop. CoreLogic’s monthly indices to end of May 2017 show that across Sydney, Melbourne, Adelaide, Brisbane and Perth, values are up 8.45 per cent in a year. For Sydney and Melbourne, this figure rises to above 11 per cent. With prices...
by Audit Your Superfund | Jul 4, 2017 | Blog
Your trustees will know about the SMSF transfer balance cap by now – but what can they do about it? As of July 1st 2017, funds in retirement phase accounts cannot exceed $1.6 million. This will only impact a handful of funds immediately, but over time more and...
